Ooma Inc. (NYSE:OOMA) VP Spencer D. Jackson sold 1,500 shares of the business’s stock in a transaction dated Thursday, September 29th. The shares were sold at an average price of $9.00, for a total value of $13,500.00. Following the sale, the vice president now owns 95,280 shares of the company’s stock, valued at $857,520. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Ooma Inc. (NYSE:OOMA) opened at 8.87 on Friday. The stock’s market capitalization is $154.36 million. The company has a 50-day moving average price of $8.87 and a 200-day moving average price of $7.79. Ooma Inc. has a 12-month low of $5.43 and a 12-month high of $9.92.
Ooma (NYSE:OOMA) last issued its quarterly earnings data on Tuesday, August 30th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.03. Ooma had a negative return on equity of 32.89% and a negative net margin of 14.33%. The company had revenue of $25.50 million for the quarter, compared to analyst estimates of $25.21 million. Ooma’s revenue was up 20.9% on a year-over-year basis. Analysts expect that Ooma Inc. will post ($0.22) earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of the stock. BlackRock Fund Advisors raised its stake in shares of Ooma by 46.2% in the second quarter. BlackRock Fund Advisors now owns 22,626 shares of the company’s stock valued at $185,000 after buying an additional 7,150 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Ooma during the first quarter valued at approximately $261,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Ooma during the first quarter valued at approximately $473,000. BlackRock Institutional Trust Company N.A. raised its stake in shares of Ooma by 6.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 58,723 shares of the company’s stock valued at $481,000 after buying an additional 3,707 shares during the last quarter. Finally, Emerald Acquisition Ltd. acquired a new stake in shares of Ooma during the second quarter valued at approximately $779,000. 22.73% of the stock is currently owned by institutional investors.
OOMA has been the topic of a number of analyst reports. Zacks Investment Research cut Ooma from a “hold” rating to a “sell” rating in a research report on Tuesday, September 6th. Bank of America Corp. reaffirmed a “buy” rating and set a $12.00 price objective on shares of Ooma in a research report on Wednesday, August 31st. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Ooma in a research report on Wednesday, August 31st. Finally, JMP Securities lifted their price objective on Ooma from $12.00 to $14.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 31st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $12.15.
Ooma Company Profile
Ooma, Inc is a provider of communications solutions and other connected services to small business, home and mobile users. The Company’s hybrid software as a service (SaaS) platform consists of its cloud, on premise appliances, mobile applications and end-point devices. The Company’s communications solutions deliver its PureVoice high-definition (HD) voice quality and integration with mobile devices.
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